Head, risk management

Confidential

Job Summary

A consulting firm seeks qualified candidates to fill this role   Summary: To partner with management in providing continual risk assessment...

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 7 years

Job Description

A consulting firm seeks qualified candidates to fill this role

 

Summary:

To partner with management in providing continual risk assessment and development

comprehensive policies, procedures, compliance training, protocols, internal investigations, plans

and implements enterprise risk management strategies and processes.

 

Responsibilities:

  • Set-up of Risk Management Framework
  • Develop the Enterprise Risk Management Policy for the bank
  • Proactively Guide the integration of enterprise risk management with other organizational
  • Planning and management activities.
  • Identify training needs for risk management and oversee development of enterprise risk
  • competence and awareness across the bank
  • Evaluate the adequacy of the company’s internal control framework in addressing risks and
  • accomplishing the company’s goals and objectives;
  • Work with Board Audit, Risk and Compliance committee in ensuring the identification and prioritization of risks and reporting of the same
  • Monitor and report on compliance with regulatory requirements.
  • Proactively identify emerging risks and report to relevant stakeholders.
  • Develop risk management system and train departmental risk champions on implementation
  • Attend Board Audit and Risk Committee meetings; and any other duty assigned by Management.
  • Analyse, on a quarterly basis, quality of loan portfolio depending on:
  • Client Officer / Branch
  • Composition of LCM
  • Type of Business Activity
  • Zones or market area.
  • Change in RSM
  • Value of Collaterals, etc.
  • Perform regular analysis and monitoring of credit risk and exposure and likely impact on client
  • on: Quality of the loan portfolio
  • Business sector analysis
  • Market trends
  • Perform periodic market survey to identify sector base risks in our target market.
  • Follow-up and advise management regularly on the performance of exceptional loan files:
  • Restructured Loans.
  • Top-up Loans.
  • Regular follow-up of bad debt management by the Recovery Unit and make recommendation
  • Management of nonaccrual loans
  • Performance of written-off loans
  • Legal cases
  • Management of seized items.
  • Valuation / Auction exercises
  • Research and advice management on exceptional cases (potential high risk).
  • Operational Risk
  • Identify and liaise with department and unit heads in identifying major risk areas and propose
  • actions in the management of such
  • Monitor implementation of action plans to ensure risk mitigation efforts are proceeding as required.
  • “Test” the effectiveness of cascading risk management approach to business decision making
  • Fraud Analysis, Prevention & Whistleblowing
  • Develop a proactive, independent, balanced fraud risk awareness within the bank
  • Exercise direct ownership for Fraud Risk Management control across the Bank.
  • Ensure compliance on all fraud risk reporting requirements both internal and external.
  • Develop Standards for Fraud Risk Management.
  • Ensure that Fraud Risk achieves an optimal balance with regard to cost, efficiency, operations and customer service.
  • Act as a major stakeholder in managing whistleblowing.
  • Reporting Tools
  • Update all Risk reporting tools to the M.D on a monthly basis
  • Develop new reporting tools in line with business need.

 

Generic Activities

  • The Head of Risk Management shall demonstrate:
  • Ability to forecast needed adjustment to strategy in order to achieve operational and financial
  • objectives
  • Control of internal policies, especially regarding to the bank’s risk exposure
  • Contribution to strategic thinking.
  • Ability to train and support teams under his direct responsibility
  • Ability to represent the client in the intervention area by demonstrating professionalism and dynamism, and to develop a valuable knowledge of his/her intervention area, gaining respect
  • and confidence from clientele
  • Ability to communicate clearly with staff under supervision and management at the head office level, both orally and in written
  • Ability to anticipate, identify and analyse issues that may hamper the development of the institution (internal control)
  • Ability to ensure a timely and transparent reporting to higher ups, and to propose new initiatives for the overall business development

 

Requirements:

  • Minimum of first degree in Social Sciences, Humanities, and Arts and
  • relevant professional qualification in eg ACCA, CIM, CIBN.
  • Familiarity with operational, Financial and Risk and Compliance
  • procedures is required. A Master’s degree in Management will be an
  • advantage.
  • Minimum of Seven years (7) relevant experience in microfinance of
  • which four should be in a managerial capacity. Good understanding
  • of the Risk function in a microfinance establishment is also required.
  • Good interpersonal and communication skills. Good analytical and
  • mentoring skills.
  • Personal Traits: Meticulous, rigorous, open-minded, autonomous and self-learner

             

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